What is Bluesky?
Bluesky is pioneering a new era of social networking by building a decentralized platform based on an open protocol. This approach empowers users with greater control over their identity, data, and content moderation, moving away from the centralized models of existing microblogging services. By fostering an open, community-driven ecosystem, Bluesky aims to recreate a more flexible and user-centric internet experience, enabling individuals and developers to shape their own digital environments through customizable feeds and interoperable systems. The platform's architecture prioritizes user agency and a more equitable digital public square.
How much funding has Bluesky raised?
Bluesky has raised a total of $123M across 3 funding rounds:
Angel/Seed
$8M
Series A
$15M
Series B
$100M
Angel/Seed (2023): $8M with participation from Neo
Series A (2024): $15M led by True Ventures, Alumni Ventures, and Blockchain Capital
Series B (2026): $100M supported by Alumni Ventures, Bloomberg, True Ventures, Anthos Capital, Knight Foundation, and Bain Capital Crypto
Key Investors in Bluesky
Blockchain Capital
Blockchain Capital is an early and active venture investor in the blockchain industry, providing capital and expertise to entrepreneurs building companies and projects based on blockchain technology. They are a multi-stage investor with a focus on companies leveraging blockchain to create new markets and business models.
True Ventures
True Ventures is a venture capital firm that partners with creative teams at the earliest stages, providing capital and guidance to help build enduring technology and artificial intelligence driven companies. They are known for their founder-first approach.
Alumni Ventures
Alumni Ventures Group (AVG) creates and manages alumni venture capital funds at top colleges and universities, offering a playbook and structure to support startups. They provide capital and resources to promising ventures.
What's next for Bluesky?
With this substantial enterprise-level backing, Bluesky is poised for significant expansion and development. The strategic investment will likely fuel advancements in its open protocol, enhance user experience features, and broaden its community outreach. As Bluesky continues to scale, its focus on decentralization and user empowerment positions it as a key player in the future of online communication, potentially disrupting established social media paradigms and fostering a more resilient and user-governed internet.
See full Bluesky company page
